Hanwei Energy Services Corp.
TSX : HE

Hanwei Energy Services Corp.

August 27, 2015 19:57 ET

Hanwei Energy Services Announces Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 27, 2015) - Hanwei Energy Services Corp. (TSX:HE) ("Hanwei" or the "Company"), held its Annual General Meeting of Shareholders (the "Meeting") in Vancouver, British Columbia on August 27, 2015. During the course of the Meeting, all proposed resolutions were approved including the election of directors and the re-appointment of MNP LLP, Chartered Accountants as auditor of the Company. A total of 64,550,938 shares were voted in person or by proxy at the Meeting.

The shareholders elected each of the Company's nominees for director as follows:

DIRECTOR VOTES
FOR
VOTES
WITHHELD
Fulai Lang 99.99% 0.01%
Joanne Yan 99.99% 0.01%
Malcolm Clay 99.99% 0.01%
Graham Kwan 99.99% 0.01%
William Paine 99.99% 0.01%
Randall Smallbone 99.99% 0.01%

As of the close of the Meeting, the Company's board is constituted of a majority of independent directors, namely Joanne Yan, Malcolm Clay, William Paine, and Randall Smallbone.

The following individuals were re-appointed as officers of the Company: (a) Fulai Lang as Chairman of the Board, President and Chief Executive Officer, (b) Yucai (Rick) Huang as Chief Financial Officer, (c) Graham Kwan as Executive Vice President, Strategic Development and Corporate Affairs, and Corporate Secretary.

The Board of Directors also re-appointed Joanne Yan as Lead Director and reconstituted its standing board committees. The Audit Committee is comprised of Randall Smallbone (Chair), Malcolm Clay and Joanne Yan who are each independent directors. The Compensation/Corporate Governance Committee is comprised of Malcolm Clay (Chair), Fulai Lang, Joanne Yan, William Paine and Randall Smallbone, a majority of whom are independent directors. The Disclosure Committee is comprised of Graham Kwan (Chair), Fulai Lang, and Yucai (Rick) Huang.

About Hanwei Energy Services Corp.

Hanwei Energy Services Corp. is a leading manufacturer of high and low pressure, fiberglass reinforced plastic pipe products and associated technologies and services for the international oil and gas, and infrastructure industries. Hanwei serves major energy customers in the Chinese and global energy markets. The Company owns producing oil and gas rights located in Alberta, Canada.

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